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Salasar Techno Engineering shines on bagging orders worth Rs 49 crore

23 Apr 2018 Evaluate

Salasar Techno Engineering is currently trading at Rs. 385.60, up by 30.15 points or 8.48% from its previous closing of Rs. 355.45 on the BSE.

The scrip opened at Rs. 361.70 and has touched a high and low of Rs. 394.90 and Rs. 356.00 respectively. So far 43592 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 394.90 on 23-Apr-2018 and a 52 week low of Rs. 198.10 on 22-Aug-2017.

Last one week high and low of the scrip stood at Rs. 394.90 and Rs. 335.00 respectively. The current market cap of the company is Rs. 518.13 crore.

The promoters holding in the company stood at 74.94%, while Institutions and Non-Institutions held 1.15% and 23.91% respectively.

Salasar Techno Engineering has received new orders worth Rs 49 crore from leading telecom players in India and Nepal. The first order worth Rs 35 crore is for supply of 300 telecom towers to Reliance JIO. The other is export order of 100 telecom towers worth Rs 14 crore to Nepal.

Salasar Techno Engineering is a provider of customized steel fabrication and infrastructure solutions in India. It provides 360-degree solutions by carrying out engineering, designing, fabrication, galvanization and deployment. 


Peers
Company Name CMP
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INDO-MIM 1018.90
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